Evaluate the contexts in which management accounting operates within an organisation and its link to the external environment

1.    Appraise the objectives of management accounting, its role as part of a business information system and its link to the strategy of the organisation.

2.    Evaluate and apply appropriate techniques for decision-making to a wide range of management decision situations.

3.    Discuss and evaluate the various pricing strategies which may be adopted by organizations and their effects including transfer pricing.

4.    Utiliise advanced techniques of standard costing including mix and yield, operational and planning and market share and size in order to provide detailed information for cost control.

5.    Identify potential multi-dimensional performance measures appropriate to a variety of business situations and recommend methods of implementation.

6.    Evaluate the usefulness of cost management techniques in furthering the strategy of the organization

Assess the main recent and current developments in management accounting and relate these to the wider business environment. Evaluate the contexts in which management accounting operates within an organisation and its link to the external environment

By the end of this module, students should be able to:

1. Evaluate the contexts in which management accounting operates within an organisation and its link to the external environment; (PLO7)
2. Consolidate knowledge of and apply the technical language and practices of management accounting; (PLO1)
3. Undertake sophisticated financial analysis to aid management decision making and present the information in an appropriate format; (PLO4/5)
4. Evaluate, synthesise and apply the contemporary theories and empirical evidence concerning management accounting; (PLO3)

5. Apply appropriate communication and numerical skills, including the ability to present quantitative and qualitative information, together with analysis, argument and commentary, in form which will be understood by its intended audience. (PLO8)